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The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company. Go to Source Powered by WPeMatico
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline. Go to Source Powered by WPeMatico
Not much is known about who these creditors could be, as names and personal information were redacted from the published document. Go to Source Powered by WPeMatico
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court’s approval. Go to Source Powered by WPeMatico
The fall of FTX undoubtedly hurt investor sentiment toward crypto, but it won’t change its popularity as a means for cross-border transactions. Go to Source Powered by WPeMatico
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has … Read more
FTX is gone, and it looks like many centralized crypto platforms will fall with it. But is there a silver lining? Go to Source Powered by WPeMatico
Some companies have resulted in layoffs to deal with their million-dollar losses. Go to Source Powered by WPeMatico
Businesses exposed to Sam Bankman-Fried’s bankrupt cryptocurrency exchange are beginning to topple. Go to Source Powered by WPeMatico
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token … Read more
